The European Central Bank (ECB) may reduce interest rates further as eurozone inflation drops close to its 2% target, according to policymaker François Villeroy de Galhau. With inflation easing and economic growth slowing, the ECB sees room for gradual rate cuts, possibly starting in June. Villeroy emphasized a data-driven approach amid external pressures like U.S. tariffs, while affirming that the eurozone is not facing a recession, and monetary policy flexibility remains essential.
A massive Russian drone assault targeted Ukraine’s capital, Kyiv, overnight, setting multiple buildings ablaze and prompting widespread emergency response efforts. The attack, one of the largest in recent weeks, caused significant damage and heightened tensions amid ongoing conflict. Authorities reported several injuries and extensive property destruction, as emergency crews worked through the night to extinguish fires and secure the affected areas. Ukraine condemned the strike as another act of aggression against civilian infrastructure.
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